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S&P/ASX 200 set for positive start as US markets have Monday holiday

Monday is Memorial Day in the US meaning stock markets are closed.

S&P/ASX 200 (INDEXASX:XJO) futures are pointing to a slightly stronger start today of up 0.2% after no lead from the US.

There are no major economic data releases today so the focus will be on global news and company specific news.

New Zealand milk producer Synlait (ASX:SM1) has forecast strong base milk prices for the 2019/20 season of $7.00 kgMS.

Recently listed Telco Uniti Wireless Ltd (ASX:UWL) is in a trading halt pending completion of a capital raising. It listed in February 2019 at 20 cents and shares traded at $1.04 before the halt.

Paradigm Biopharmaceuticals Ltd (ASX:PAR) has this morning reported a greater than 50% reduction in pain across 205 patients with knee osteoarthritis (OA).

Paradigm shares have tripled in the last 12 months, last priced at $1.48.

[VIDEO] Shares in Europe edged higher by 0.2% last night. US & UK markets were closed for holidays. Aussie shares are set for a quiet start on Tuesday. https://t.co/rlmwfM6GFK #ausbiz

— CommSec (@CommSec) May 27, 2019